DAILY COMMODITY MARKET STRATEGY-19 Dec 2014
BULLION
Gold February future has added 0.2 per cent at $ 1,197.50. Silver March futures has declined 0.4 per cent at $ 15.872. Platinum January delivery is trading flat at $ 1,199.90.
ENERGY
Crude Oil February contract has advanced 0.6 per cent at $ 54.70 .Brent Oil February future has slipped 0.7 per cent at $ 59.28 .Natural Gas January delivery is unchanged at $ 3.664.
The MCX Crude Oil December futures wiped out all its Wednesday gains and slipped back into negative zone. Yesterday, the energy futures rallied to a high of Rs 3,718, but however ended with a significant loss of nearly 3 per cent (Rs 141) to Rs 3,531 owing to its December series expiry on 18 December.
BASE METAL
Copper March contract has added 0.3 per cent at $ 2.856.
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Crude oil wiped out an earlier rally stemming from a bullish U.S. inventory report, as concerns reemerged that global supply far outstrips demand as regards Commodity Tips.
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